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WDKX.com » Blog » New York Yankees Have The Highest Value In MLB
Mar 28th 2013 5:58 am
New York Yankees Have The Highest Value In MLB

Forbes estimated the New York Yankees have the highest value in Major League Baseball for the 16th straight year at 2.3 billion, and the average for an MLB team increased by 23 percent in the last year to 744 million.

The magazine said Wednesday the Yankees' value increased from 1.85 billion last year. The Los Angeles Dodgers are second in MLB at 1.62 billion - nearly 400 million below the price paid for the team last May when a group headed by Mark Walter, Stan Kasten and Magic Johnson bought the franchise from Frank McCourt.

Forbes valued Boston third at 1.3 billion, followed by the Chicago Cubs 1 billion, Philadelphia 893 million, the New York Mets 811 million, San Francisco 786 million.

Source: Sports Illustrated